Stock abbreviation: Wazhou B Stock code: 200706 No.: 2025-05
Wafangdian Bearing Company Limited
Announcement on Adjusting the Organizational Structure of the Company
The Company and all members of the BOD guarantee that the information disclosed is true, accurate and completed,
and that there are no false records, misleading statements or material omissions.
Wafangdian Bearing Co., LTD. (hereinafter referred to as the "Company") held the 15th meeting of the
ninth Board of Directors on January 20, 2025, at which the "Motion on Adjusting the organizational
structure of the Company" was reviewed and passed.
In order to continuously improve the company's core competitiveness, optimize the management
structure, improve decision-making efficiency, enhance coordination ability, and support the rapid
realization of the company's strategic goals, the company's organization was comprehensively optimized
and adjusted.
This organizational adjustment adopts the basic organizational model of "matrix management +
divisional system". Specifically:
(1) the part of Functional departments
This time, two centers and five functional departments are set up.
1. The "Manufacturing process and equipment Research and Development Center" and "Quality
Management Department" will be transformed into "process quality Center". By integrating process,
quality and other business sectors and related personnel, the company will undertake the functions of
process technology management and quality management, further improve process standardization,
promote process cost reduction and efficiency, and achieve quality objectives.
2. Adjust "logistics company" to "operation and management center", and undertake functions
such as capacity management, production system management, inventory management, shipping
management, safety and environment management and special rectification and elimination by
integrating production, procurement, warehousing, logistics, safety and environment and related
personnel. Achieve the goals of production coordination, operation improvement, warehousing and
logistics optimization, and promote safe production.
3. Integrated and established the market development Department to achieve the goals of
expanding the organization, strengthening capabilities and effectively performing duties, effectively
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Stock abbreviation: Wazhou B Stock code: 200706 No.: 2025-05
supporting the company's market business development and growth needs, coordinating, serving and
supporting each business unit to achieve product, customer, market and sales goals.
4. Integrated and established internal control and internal audit Department, responsible for legal
affairs, risk control, internal compliance and audit, to further improve the management compliance of
listed companies.
5. The Investment and Securities Department, Planning and Finance Department, and Human
Resources Department have not been adjusted.
(2) Complete the business division
The truck branch, Precision Branch and Rail Transit Division are merged into the new "Rail Transit
Bearing Division" to form a complete business division of product management, research and
development, product performance, product application, sales and service, and production chain closed
loop. Focus on key customers and key advantageous products in the railway field, and collaborate with
advantageous resources to achieve profitability and stable growth.
(3) Sales Division
The former construction machinery division, transmission machinery division, precision machinery
division
Merged into "Industrial Machinery Bearing Division"; The former Metallurgical Bearing Business
division and Mining machinery Bearing Business Division were merged into "Industrial Mining Bearing
Business Division", and the corresponding business divisions were integrated to form a semi-closed-loop
sales business division with product management, R&D and design, product performance, product
application, sales and service, and sales and business objectives were achieved through the internal
market acquisition transaction mechanism and finished product factory. Focus on key customers and key
advantageous products in the corresponding fields, and collaborate with advantageous resources to
achieve volume, price and competitiveness growth.
(4) Product Division
The company included the Precision spherical Roller Bearing (Wafangdian) Co., Ltd. and the
Dalian Precision Motor Automotive Bearing Co., Ltd. into the "General and deep Groove Ball Business
Division", responsible for the product management, research and development design, product
performance, product quality, product comprehensive cost advantage and other product strength building
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Stock abbreviation: Wazhou B Stock code: 200706 No.: 2025-05
in the field of general and deep groove ball products. Promote sales and service through product
management and deep linkage with the region.
(5) Sales organization
1. Merged the original Import and Export, India and Pakistan, RECP three overseas sales
companies into the international business division, cancelled the design function, strengthened product
application and technical services, and was responsible for the overseas international market expansion,
sales and service of the company's products.
2. The original eight sales regions of Northeast, Southeast, Northwest, Southwest, North, South,
Central and East China were restructured and merged into four sales regions of East, West, South and
North, the design function was abolished, the regional distribution (circulation) market was the main
focus, product application and technical services were strengthened, and the sales targets were
achieved mainly in collaboration with the General and Deep Groove Ball business Division. Undertake
some key industry customer development.
(6) Production units
Bearing Accessories Branch Company, Medium and large-sized Bearing Branch Company, Extra
Large Precision Bearing Branch Company and Liaoyang Bearing Manufacturing Co., Ltd. have not been
adjusted, and their functions are positioned as shared factories, implementing market-oriented operation
mechanism, improving process and manufacturing with product/project needs of relevant business units,
and leading the plant to reduce cost, improve quality and efficiency, and improve delivery capacity. To
improve the competitiveness of the company's products in the market.
The organizational structure before and after the adjustment is detailed in the annex.
Hereby notify
Board of directors of
Wafangdian bearing Company limited
January 21, 2025
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Stock abbreviation: Wazhou B Stock code: 200706 No.: 2025-05
Organization chart before adjustment:
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Stock abbreviation: Wazhou B Stock code: 200706 No.: 2025-05
Adjusted organization chart:
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